Canadian Natural Resources Balance Sheet Health
Financial Health criteria checks 3/6
Canadian Natural Resources has a total shareholder equity of CA$39.5B and total debt of CA$18.8B, which brings its debt-to-equity ratio to 47.7%. Its total assets and total liabilities are CA$85.4B and CA$45.9B respectively. Canadian Natural Resources's EBIT is CA$9.7B making its interest coverage ratio 16.4. It has cash and short-term investments of CA$144.0M.
Key information
47.7%
Debt to equity ratio
CA$18.82b
Debt
| Interest coverage ratio | 16.4x |
| Cash | CA$144.00m |
| Equity | CA$39.47b |
| Total liabilities | CA$45.89b |
| Total assets | CA$85.36b |
Recent financial health updates
Recent updates
Canadian Natural Resources Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 28
The Return Trends At Canadian Natural Resources (TSE:CNQ) Look Promising
Feb 28Canadian Natural Resources Limited's (TSE:CNQ) Popularity With Investors Is Under Threat From Overpricing
Jan 04These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Reasonably Well
Nov 29Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)
Nov 12
Chevron Asset Acquisition Fuels Dynamic Growth Strategy And Boosts Profit Potential
Nov 07 The acquisition and infrastructure expansions aim to increase production and transport capacity, potentially boosting revenues, netbacks, and profit margins.Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 37% Undervaluation?
Aug 24Canadian Natural Resources Limited Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next
May 04Financial Position Analysis
Short Term Liabilities: CNQ's short term assets (CA$7.4B) do not cover its short term liabilities (CA$9.6B).
Long Term Liabilities: CNQ's short term assets (CA$7.4B) do not cover its long term liabilities (CA$36.3B).
Debt to Equity History and Analysis
Debt Level: CNQ's net debt to equity ratio (47.3%) is considered high.
Reducing Debt: CNQ's debt to equity ratio has reduced from 60% to 47.7% over the past 5 years.
Debt Coverage: CNQ's debt is well covered by operating cash flow (71.1%).
Interest Coverage: CNQ's interest payments on its debt are well covered by EBIT (16.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/14 04:50 |
| End of Day Share Price | 2025/04/14 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Canadian Natural Resources Limited is covered by 52 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Patrick O'Rourke | ATB Capital Markets |
| Thomas Driscoll | Barclays |